California Billionaires: Wealth, Taxes, and Wealth Tax Revenue Estimates [pdf]
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A report from the University of California, Berkeley, has estimated the wealth, taxes, and potential revenue from a wealth tax on California billionaires. The report, which is available as a PDF, provides data on the estimated wealth of California's billionaires and the potential revenue that could be generated from a wealth tax. The report's findings are relevant to ongoing discussions about wealth inequality and taxation in the state. The report's data and estimates are likely to be of interest to policymakers and business leaders.
This report's findings are relevant to ongoing discussions about wealth inequality and taxation in California, and its data and estimates are likely to be of interest to policymakers and business leaders in the tech industry.
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- ▸01The report estimates that California's billionaires have a combined wealth of $1.3 trillion.
- ▸02A wealth tax of 1% on California's billionaires could generate an estimated $13 billion in revenue per year.
- ▸03The report's authors note that the actual revenue generated by a wealth tax could be higher or lower than their estimates, depending on various factors.
California Billionaires: Wealth, Taxes, and Wealth Tax money earned Estimates [pdf]. California Billionaires: Wealth, Taxes, and Wealth Tax money earned Estimates [pdf] — shared on Hacker News from eml.berkeley.edu.
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